PPG Stock Account means a record-keeping account maintained for a Participant who elects to defer all or part of an Award, Salary, Payment, or Omnibus Plan Stock Award and/or to maintain all or part of a deferred Award, Salary, Payment, or Omnibus Plan Stock Award in the form of Stock Account Shares.
Examples of PPG Stock Account in a sentence
Any payment from the PPG Stock Account shall be paid in the form of PPG Stock.
Amounts in the PPG Stock Account shall be converted to cash on the basis of the fair market value of PPG Stock on the date of the occurrence of the Change in Control, or, if higher, within 30 days of such date.
Restoration Contributions may not be transferred from the PPG Stock Account.
Restoration Contributions shall be credited monthly to the Participants PPG Stock Account in the form of Stock Account Shares.
At the time of the final scheduled payment, payments from the PPG Stock Account with respect to remaining fractional shares of PPG Stock shall be converted to and paid in cash.